Notification No. 870E

Deduction allowable under this section shall not be allowed in respect of any ship or aircraft acquired or any machinery or plant directed under section 32A

What this is

Notification No. 870E was published on 12 June 1986. Its subject is Deduction allowable under this section shall not be allowed in respect of any ship or aircraft acquired or any machinery or plant directed under section 32A.

The provisions it speaks to

Left, the provision of the Income-tax Act, 1961 as the instrument itself names it. Right, the section of the Income-tax Act, 2025 that the department’s own concordance maps it to — which is where the same ground is now covered.

Under the 1961 Act	Now
s.32A	no counterpart recorded

The instrument, as the Board published it

The words below are the department’s own, reproduced from its published text. Where the department’s copy carried a publisher’s notes after the instrument, those are not reproduced.

In exercise of the powers conferred by sub-section (8) of section 32A of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby directs that the deduction allowable under this section shall not be allowed in respect of any ship or aircraft acquired or any machinery or plant installed after the 31st day of March, 1987.

[No. 6755/F. No. 202/12/86-ITA. II

On the same provision

Other instruments in this library that name the same provision of the 1961 Act. They are not necessarily still operative, and a later one may have replaced an earlier one without saying so.

Notification No. 555E — Following machinery and plant notified under section 32A 1 August 1984
Circular No. 324 — 254. Tea companies in whose cases only 40 per cent of income is liable to be taxed - Manner in which amount to be credit 3 February 1982
Circular No. 314 — 255. Investment allowance on new machinery or plant installed in small scale industrial undertaking - Computation of agg 17 September 1981
Circular No. 305 — Section 32A l Investment Allowance 12 June 1981
Circular No. 247 — 370. Calculation of percentage limits of entertainment expenditure under section 37(2A) - Modification to para 24.2 of C 21 October 1978
Circular No. 213 — 256. Textile made wholly or mainly of cotton - Item 21 of Ninth Schedule -Interpretation of word "mainly" - Sub-clause ( 14 March 1977

← Notification No. 3579 · Notification No. 3578 →

What a notification is. A notification is made under a power the Act itself gives, and within that power it is law — unlike a circular, which only binds the department. Its reach is the reach of the enabling provision and no wider, and the date it carries decides from when it works.

Source: the Income Tax Department’s own published text — its page for this instrument.